Bulgaria: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Bulgaria

In 2021, the Bulgarian scouring pastes and powders market decreased by -15% to $X, falling for the third year in a row after five years of growth. Overall, consumption, however, saw a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Scouring Pastes And Powders in Bulgaria

In value terms, scouring pastes and powders production declined markedly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 54% against the previous year. Scouring pastes and powders production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Scouring Pastes And Powders

Exports from Bulgaria

For the fifth consecutive year, Bulgaria recorded growth in overseas shipments of scouring pastes and powders, which increased by 30% to X tons in 2021. Over the period under review, exports showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 249%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, scouring pastes and powders exports fell modestly to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 180% against the previous year. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

Germany (X tons) was the main destination for scouring pastes and powders exports from Bulgaria, with a 65% share of total exports. Moreover, scouring pastes and powders exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +247.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+144.4% per year) and Belgium (+98.5% per year).

In value terms, Germany ($X), the United States ($X) and Belgium ($X) were the largest markets for scouring pastes and powders exported from Bulgaria worldwide, together comprising 85% of total exports.

Germany, with a CAGR of +211.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average scouring pastes and powders export price stood at $X per ton in 2021, shrinking by -23.7% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 132%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Scouring Pastes And Powders

Imports into Bulgaria

For the fourth consecutive year, Bulgaria recorded decline in purchases abroad of scouring pastes and powders, which decreased by -21.2% to X tons in 2021. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 27%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, scouring pastes and powders imports contracted to $X in 2021. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 36%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Romania (X tons) constituted the largest scouring pastes and powders supplier to Bulgaria, accounting for a 70% share of total imports. Moreover, scouring pastes and powders imports from Romania exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. Austria (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Romania amounted to -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-10.2% per year) and Austria (-31.2% per year).

In value terms, Romania ($X) constituted the largest supplier of scouring pastes and powders to Bulgaria, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with a 7.8% share of total imports. It was followed by Austria, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Romania stood at -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.8% per year) and Austria (-32.7% per year).

Import Prices by Country

In 2021, the average scouring pastes and powders import price amounted to $X per ton, picking up by 18% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+62.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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